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| Technical Outlook for Gbp-Usd 15-7-2015 |
Gbp/Usd pair move yesterday in the average price movement of 189 PIPs, it recorded the highest level at 1.5638 the lowest levels at 1.5450 levels and closed at 1.5631 to Gain 147 pips according to Yesterday’s economic data.
The pair opened today at 1.5631 oscillatory between the 1.5628 and the 1.5653 levels during the Asian session in a trading average of 35 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.5674
The pair is moving in a series of up impulse waves after returning to trade in the wedge.
It is expected that the pair Pound against the dollar will go to targeted level at 1.5750 in the next few hours According to economic data today.
Today at 08:30 we are looking for Claimant Count Change from UK
The Relative Strength Indicator "RSI" show us accumulation operations at the market and the control of Bulls on the market
Medium term trend: up
Support levels: 1.5508 and 1.5385 and 1.5320
Resistance levels: 1.5696 and 1.5761 and 1.5884
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